Raising children can be a very expensive process. Even as they begin to get into their late teens you will still need to be covering many of their costs, and often this will include helping them to learn to drive. When helping your teen to learn to drive not only will you be paying for their lessons, and even purchasing them a vehicle, but you will also be purchasing a car insurance policy for them.Obviously, you are going to want to try to get...more
By Lance Wallach, CLU, ChFC and Ira Kaplan, Esq., CPA, MBAOver the past decade, business owners have been overwhelmed by a plethora of arrangements designed to reduce the cost of providing employee benefits and taxes, while simultaneously increasing their own retirement savings. The solutions ranged from traditional pension and profit sharing plans to more advanced strategies.Some strategies, such as IRS Section 419 and 412(i)...more
Health insurance is going through some major changes in the coming years as new policies are implemented to allow all individuals, regardless of pre-existing conditions or not, to obtain coverage for the sake of their well-being.As the importance of health insurance has been drummed into humans, pet owners have begun to wonder if applying for a pet insurance policy is a necessary part of their pet's overall standard of care.Why would a pet owner want to make insurance a part of their pet care regimen?Protecting the family members and their finances is one of the chief reasons that a pet owner will seek out a pet insurance policy. In other words, the remedies for certain animal ailments can cost more than what a family is able to afford without the insurance coverage. For example, in April 2010 pet owners spent an average of $5,000 on their pets for treatment of neurological issues, over $4,000 on kidney problems, and close to $7,000 for different cancer treatments all without the help of insurance to take care of the fees.Avoiding these high costs and the possibility of cleaning out one's savings account as a result can be eliminated with the purchase of a pet insurance policy,...more
Statutory audit preparation is critical, particularly at the corporate level. It's essential to have a full-spectrum statutory audit function in place at all times. Self insured businesses require a complete information system based on formal compliance criteria.Preliminary MeetingThe usual process for statutory audits involves a preliminary...more
Its what you work hard for all year. That precious week or two away. Now it is all booked and you cannot wait to get away. You have put the date on the calendar, although you are hardly likely to forget it. Maybe there is one thing that you have forgotten, and that is to buy some cheap holiday insurance.You should not think of travel insurance as...more
Home insurance includes building and contents insurance. These are two separate insurance policies that are often sold with each other. Buildings insurance provides cover for harm to the building. Contents insurance provides cover for contents within. Homeowners should have both. Renters only need contents insurance. Insurers typically offer them along with each other. But you can buy them separately and even purchase then from different insurers.A buildings insurance policy protects the building itself and is often taken out with a mortgage. Buildings insurance can also include garden sheds, garages and exterior walls. What is actually covered may vary. It pays to check exactly what is included when you are getting a quote for the policy. Contents insurance protects all of the general belongings in the home, such as furniture, clothing, electrical goods, and personal items and other possessions. Valuable items may need additional cover. Contents insurance will often include some useful protection such as protection for accidental damage. You may also be able to get cover for contents in your garden.Being vigilant about home security can impact the premium charge. A lower risk...more
One of the best metaphors that could be used for the term "insurance" is "assurance" because it is life insurance that helps you to secure your future by planning it in the present. Let's get familiar with the strategy of life insurance...more
Business owners can greatly benefit from having commercial insurance. This type of coverage helps a business in many ways, including protecting them from liability. If a product, service or contract goes wrong or causes injury to a...more
Most everyone in this country has a car, and it is best to have it insured to cover for any of those unfortunate bumps or scratches. It is a great thing to have, but there is no need to spend an exorbitant amount on a policy. Many auto insurance...more
Getting car insurance can be an easy thing if one does it the right way. There are so many different companies today that it can get to be a little confusing on who to choose. People may also not be aware of who provides the cheapest service with...more
Very first step before you buy life insurance policies is proper understanding of financial condition, planning and feasibility of rates fixed for particular category of insurance policy. Such calculation and understanding develop only...more
The fact has been stated very clearly and is also known well by everyone that the term insurance policies are bought for death benefit only. These policies give you no provision of cash buildup and in such policies the benefits shall be...more